Short
S&P 500, how I will trade this
Updated
This is a scenario where there is no return to the upside and next target is around 2735. Maybe it happens, maybe not. If it happens, I'll sell when it goes out of the channel and only when I'm completely sure. Best would be, if I see it come up to the channel and bounce off again.
Trade active
I opened short on 2821 and will hold tight until trendline is broken or bottom reached. If this happens very soon I'll maybe look for longs to 2900 area.Trade closed: stop reached
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